Perceptron, Inc. Named to MDB Capital Group's 150 Best and Brightest for 2011
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Plymouth, Michigan, March 7, 2011 - Perceptron, Inc. (NASDAQ: PRCP), a global leader in non-contact measurement and inspection solutions, today announced that it has been named as one of the 150 "Best and Brightest" innovative leaders for 2011 and a "Company to Watch" by MDB Capital Group, LLC. This recognition is given to those technology leaders ranking in the 90th percentile or above among 1,500 companies with US patents as rated by PatentVest®, MDB's proprietary, intellectual property (IP), business intelligence database. According to MDB, companies on last year's "Best and Brightest" list outperformed the S&P Small Cap 600 Index by 1.4 to 1 and the S&P 500 Index by 2.8 to 1.
"We are pleased to be recognized by MDB Capital Group as an innovative leader for 2011. This recognition reflects the focus our technology team places on developing innovative solutions and creating a strategically advantageous and robust portfolio of intellectual property," said Harry Rittenour, President and CEO of Perceptron. "We are proud of the portfolio of 54 granted US and foreign patents that Perceptron currently has as well as our 43 additional pending US and foreign patent applications."
Christopher Marlett, CEO of MDB Capital Group, commended Perceptron's management team by saying, "The Company's imbedded IP value and demonstrated innovation places it in the top 10% of the approximately 1500 technology companies trading below $500MM in market value as ranked by our proprietary IP intelligence database called PatentVest. Our research has shown that this elite group of companies demonstrating above average PatentVest metrics, such as PatentVest Tech Score and the Compound Annual Growth Rate (CAGR) of patent applications, has significantly outperformed their publicly traded peers. In addition, companies in this group have demonstrated higher margins and more sustained growth."
A link to the PatentVest report on Perceptron may be found on MDB Capital Group's website at www.mdb.com.
About Perceptron®
Perceptron, Inc. (www.perceptron.com) develops, produces and sells non-contact measurement and inspection solutions for industrial and commercial applications. The Company's Industrial Business Unit (IBU) products provide solutions for manufacturing process control as well as sensor and software technologies for non-contact measurement and inspection applications. Automotive and manufacturing companies throughout the world rely on Perceptron's metrology solutions to help them manage their complex manufacturing processes to improve quality, shorten product launch times and reduce overall manufacturing costs. IBU also offers value added services such as training and customer support. Perceptron's Commercial Products Business Unit (CBU) develops and manufactures a variety of handheld visual inspection devices and add-on accessories that are sold to and marketed through strategic partners. Headquartered in Plymouth, Michigan, Perceptron has approximately 225 employees worldwide, with operations in the United States, Germany, France, Spain, Brazil, Japan, Singapore, China and India.
About MDB
MDB Capital Group LLC is a merchant and investment banking firm focused exclusively on innovative companies which possess intellectual property that enables them to become leaders in their respective technology areas. PatentVest, MDBs proprietary IP intelligence platform, tracks, analyzes and ranks every technology company in the world that owns patents or patent applications.
